Major business facility job tax credit; business that creates at least 50 qualified full-time jobs. (HB624)
Introduced By
Del. Terry Kilgore (R-Gate City)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Major business facility job tax credit. Amends the Major Business Facility Job Tax Credit. Current law provides a $1,000 tax credit for major business facilities that create at least 100 qualified full-time jobs. This legislation increases the tax credit to $2000, and reduces the number of qualified full-time jobs required to be created to 50. In enterprise zones or economically distressed areas, the base or threshold is lowered from 50 newly created jobs to 25. The changes also allow the credit to be taken over a two-year period for taxable years beginning January 1, 2009, through December 31, 2012, rather than December 31, 2010. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/12/2010 | Committee |
01/12/2010 | Prefiled and ordered printed; offered 01/13/10 10102349D |
01/12/2010 | Referred to Committee on Finance |
01/19/2010 | Assigned Finance sub: #3 |
01/25/2010 | Assigned Finance sub: #3 |
02/01/2010 | Impact statement from TAX (HB624) |
02/09/2010 | Subcommittee recommends reporting with amendment(s) (4-Y 0-N) |
02/10/2010 | Reported from Finance with substitute (20-Y 1-N) (see vote tally) |
02/10/2010 | Committee substitute printed 10105223D-H1 |
02/10/2010 | Referred to Committee on Appropriations |
02/11/2010 | Assigned App. sub: Economic Development, Agriculture and Natural Resources |
02/12/2010 | Impact statement from TAX (HB624H1) |
02/16/2010 | Reported from Appropriations (22-Y 0-N) (see vote tally) |
02/18/2010 | Read first time |
02/19/2010 | Read second time |
02/19/2010 | Constitutional reading dispensed (95-Y 0-N) |
02/19/2010 | VOTE: --- AGREE TO (95-Y 0-N) (see vote tally) |
02/19/2010 | Committee substitute agreed to 10105223D-H1 |
02/19/2010 | Engrossed by House - committee substitute HB624H1 |
02/19/2010 | Passed House (95-Y 0-N) |
02/19/2010 | VOTE: --- PASSAGE (95-Y 0-N) (see vote tally) |
02/22/2010 | Constitutional reading dispensed |
02/22/2010 | Referred to Committee on Finance |
02/24/2010 | Impact statement from TAX (HB624H1) |
03/02/2010 | Reported from Finance with amendments (14-Y 0-N) (see vote tally) |
03/03/2010 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
03/03/2010 | Read third time |
03/03/2010 | Reading of amendments waived |
03/03/2010 | Committee amendments agreed to |
03/03/2010 | Engrossed by Senate as amended |
03/03/2010 | Passed Senate with amendments (39-Y 0-N) (see vote tally) |
03/03/2010 | Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally) |
03/03/2010 | Passed Senate with amendments (40-Y 0-N) (see vote tally) |
03/03/2010 | Senate amendments rejected by House (0-Y 96-N) |
03/03/2010 | VOTE: --- REJECTED (0-Y 96-N) (see vote tally) |
03/03/2010 | Senate insisted on amendments (39-Y 0-N) (see vote tally) |
03/03/2010 | Senate requested conference committee |
03/03/2010 | House acceded to request |
03/03/2010 | Conferees appointed by House |
03/03/2010 | Delegates: Kilgore, Landes, Phillips |
03/03/2010 | Conferees appointed by Senate |
03/03/2010 | Senators: Watkins, Marsh, Miller, Y.B. |
03/08/2010 | Conference report agreed to by Senate (39-Y 0-N) (see vote tally) |
03/08/2010 | Reconsideration of conference report agreed to by Senate (40-Y 0-N) (see vote tally) |
03/08/2010 | Conference report agreed to by Senate (40-Y 0-N) (see vote tally) |
03/08/2010 | Conference report agreed to by House (96-Y 0-N) |
03/08/2010 | VOTE: --- ADOPTION (96-Y 0-N) (see vote tally) |
03/13/2010 | Enrolled |
03/13/2010 | Bill text as passed House and Senate (HB624ER) |
03/13/2010 | Signed by Speaker |
03/15/2010 | Signed by President |
03/18/2010 | Impact statement from TAX (HB624ER) |
04/10/2010 | G Approved by Governor-Chapter 363 (effective 7/1/10) |
04/10/2010 | G Acts of Assembly Chapter text (CHAP0363) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 3 clips in all, totaling 2 minutes.